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The U.S. Federal Reserve Board (fed /FED) almost breath digestion and expand the Trump administration aggressively spending cuts, but Washington suddenly imposed a high tariff on imported steel aluminum news, may allow the fed to carry the burden of higher inflation and global economic slowdown.
Fiscal stimulus and the brewing trade war, such a combination will create a situation without a winner. Federal Reserve officials faced such a situation in 1970s, when they had to bear high inflation or risked the risk of economic recession. Federal Reserve officials believe that fiscal stimulus does not change monetary policy.
President Trump says he plans to impose tariffs in the next week, and the world of this announcement reaction, burst the Fed chairman Powell this week in testimony in the outline of the U.S. economy is quite calm, even optimistic scene.
Today, the Fed must digest the new tariff impact on the overall economy, although tariffs on material will be much, but it will lead to greater risks, including global retaliation measures, government tax and price pressures caused by the recession and Global trade, etc..
Canada, Brazil and the European Union have all threatened to take counter measures, which is the equivalent of what economists call the meaningless loss of the global address. The International Monetary Fund (IMF) said on Friday that Trump's move could hurt the economy of the United States and other countries.

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